1715 31ST ST W MINNEAPOLIS MN 55408

PID: 0402824220062

Property Overview

Parcel ID0402824220062

Lot Size5,321 sq ft (0.122 ac)

Lot Dimensions (est.)40 ft wide × 133 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMEREDITH WISE/JARED HOPKINS

Assessed Value$795,000

Land Value$273,000

Building Value$522,000

Annual Tax$13,292

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2005 · $230K total declared value · Most recent: Oct 2020 (res)

ResOct 2020Closed

Janecky Plumbing Service Inc

ExistresDec 2019Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscApr 2019Closed

$10K

DAVID ERNST CONSTRUCTION LLC

Building Re-inspectionMay 2005

$220K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

East Bde Maka Ska · Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth93 ft

Area~2,794 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,794 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1717 31ST ST W MINNEAPOLIS MN 55408	DAVID N DORN	RESIDENTIAL	$760,700	40 ft
3104 JAMES AVE S MINNEAPOLIS MN 55408	JAMES VAN HORNE	RESIDENTIAL	$636,400	96 ft
3100 JAMES AVE S MINNEAPOLIS MN 55408	GREGORY S OASHEIM ET AL	TRIPLEX	$846,500	106 ft
3108 JAMES AVE S MINNEAPOLIS MN 55408	T PAOLUCCI & L ERICKSON	RESIDENTIAL	$632,700	106 ft
3112 JAMES AVE S MINNEAPOLIS MN 55408	WALTER RUSH IV	RESIDENTIAL	$733,800	131 ft
3115 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	JAMES M SKALLERUD	RESIDENTIAL	$901,500	149 ft
3101 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	LAKE CALHOUN SHORES LLC	APARTMENT	$8,700,000	164 ft
3116 JAMES AVE S MINNEAPOLIS MN 55408	MATTHEW MENARD/HEATHER STONE	RESIDENTIAL	$1,015,000	166 ft
3117 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	KEVIN GROSS & ANNE GROSS	RESIDENTIAL	$1,381,900	167 ft
3121 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	N A J VLIETSTRA/J VLIETSTRA	RESIDENTIAL	$1,169,500	202 ft

Property History

Most Recent Sale

Date202304

Price$820,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,292